[Video] Russia Sparks Oil Selloff, Has Coinbase (COIN) Based?
Matt Simpson October 7, 2021 7:28 AM
Russia sent energy prices lower overnight by offering to increase gas exports to aid with the energy crisis, leaving an ominous candle on WTI futures just below $80.
In today’s video we update yesterday’s analysis on WTI futures and highlight today’s pivotal level. We also add US listed stock Coinbase (COIN) to our bullish watchlist, then look at EUR/AUD as its bearish move has stalled at a key support zone.
S&P 500: Market Internals
S&P 500: 4363.55 (0.41%), 06 October 2021
- Utilities (1.53%) was the strongest sector and Energy (-1.05%) was the weakest
- 8 out of the 11 S&P 500 sectors closed higher
- 7 out of the 11 sectors outperformed the S&P 500
- 283 (56.04%) stocks advanced and 220 (43.56%) declined
- 66.93% of stocks closed above their 200-day average
- 34.26% of stocks closed above their 50-day average
- 41.39% of stocks closed above their 20-day average
- + 4.19%-Enphase Energy Inc(ENPH.OQ)
- + 3.84%-Intercontinental Exchange Inc(ICE.N)
- + 3.53%-CSX Corp(CSX.OQ)
- -8.94%-Moderna Inc(MRNA.OQ)
- -6.95%-Electronic Arts Inc(EA.OQ)
- -5.33%-Seagate Technology Holdings PLC(STX.OQ)
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